The total amount of money accrued ( principal and interest ) in 35 years is $570.78.
<h3>What is the total amount accrued?</h3>
The formula for compound interest is expressed as;
A = P( 1 + r/t )^(n×t)
Given the data in the question;
- Principal P = $200
- Rate r = 3% = 3/100 = 0.03
- Compounded monthly n = 12
- Time t = 35
- Amount accrued in 35 years A = ?
Plug the given values into the equation above.
A = P( 1 + r/n )^(n×t)
A = 200( 1 + 0.03/12 )^(12×35)
A = 200( 1 + 0.0025 )^(420)
A = 200( 1.0025 )^(420)
A = 200( 2.85390914 )
A = $570.78
Therefore, the total amount of money accrued ( principal and interest ) in 35 years is $570.78.
Learn more about compound interest here: brainly.com/question/27128740
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Under a counterclockwise rotation about the origin of 90°
a point (x , y ) → (- y, x ), hence
A(2, 1 ) → A'(- 1, 2 )
Answer:
let x be the number
seven less than three times a number ==> 3x - 7
Step-by-step explanation:
Answer:
The slope is 5/-2.
Step-by-step explanation:
Slope is y1-y2 over m1-m2 (rise over run). The first ordered pair is -2 (m1) and 11 (y1). We then subtract the second ordered pair (4 (m2) and -4 (y2)) from the first.
11 - (-4) = 11 + 4 = 15
-2 - 4 = -6
Remember, slope is rise over run (y over x), so the slope is 15/-6. Now, we must simplify. 15/-6 = 5/-2
Dean went wrong because he thought that slope was run over rise (x over y). If he had switched the two numbers, his answer would have been correct.
